Putin: SPIEF recommendations will help drive economic recovery in Russia

The upcoming St. Petersburg International Economic Forum (SPIEF) will make it possible to develop recommendations to improve the state of the Russian and world economies, Russian President Vladimir Putin said in his welcome message to participants, organizers and guests of the SPIEF.

The upcoming St. Petersburg International Economic Forum (SPIEF) will make it possible to develop recommendations to improve the state of the Russian and world economies, Russian President Vladimir Putin said in his welcome message to participants, organizers and guests of the SPIEF.

"I firmly believe that the recommendations and agreements drawn up during the Forum will help drive economic recovery in Russia and around the world, promote international cooperation based on egalitarian principles across a wide range of spheres, and give rise to mutually beneficial long-term projects," the head of state said as quoted as saying on the website of the SPIEF.

Concerted action for sustainable growth

Putin assumes the global economic challenges require concerted action for sustainable and balanced growth. "The challenges facing the global community demand concerted action aimed at achieving sustainable and balanced growth," runs the address.

"It is vital that we work together in our search for additional drivers of development. We must more fully make use of the industrial, scientific, technological, and innovative potential of our nations, and also the potential of international integration structures. We must react more swiftly to the shifting demands of the market and to the looming transformation of the global technological landscape," the message says.

First published by TASS.

All rights reserved by Rossiyskaya Gazeta.

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